Rancho Santa Fe Real Estate Market Report for January 2011

Rancho Santa Fe homes for sale - Market Report for January 2011

As a buyer or seller in the Rancho Santa Fe real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying or selling a Rancho Santa Fe home. 

The Rancho Santa Fe real estate market is very localized, and the most expensive community, on average, in San Diego County. Knowing what is going on in the market with regard to inventory and sales is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky since many high-end properties are unique. 

READ MORE: 

  Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego

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Rancho Santa Fe Homes - The Crosby: Golf Community Extraordinaire

Here is a summary of the Rancho Santa Fe real estate market for January 2011 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

 

 

TOTAL

DETACHED

ATTACHED

# SOLD

14 (down 30%)

13 (down 28%)

1 (down 50%)

Average $

$1,803,887 (down 31%)

$1,897,271 (down 33%)

$589,900 (down 7%)

DOM

169

168

187

Sale $/List $

 

92%

92%

98%

 

The number of detached homes sold in Rancho Santa Fe decreased substantially over the prior month; average prices for detached homes also decreased as did the overall average price. Only 1 attached home sold during January, an REO.

As of the end of December there were 10 homes in the Rancho Santa Fe real estate market with a Contingent status (i.e., short sale and REO homes that had offers being reviewed), 2 less than last month, and, thus, are included in the Active statistics below..

As of January 2011 there were 256 Ranch Santa Fe homes for sale (96% of these are detached), 3% more than last month, the first inventory increase following 4 months of decline. This represents an inventory of 6.6 months for attached homes (up from 3.4 months in December), and 17.9 months for detached homes at the current rate of sales (based on a 6-month period), which is up from 16.4 months in December.

The number of Rancho Santa Fe homes coming on the market in January rose substantially: more than 3 times as many homes were listed as in December, 67 vs. 20, with 17 homes going pending during the same period, 5 more than in December (up 42%).

READ MORE: How Important is Inventory when Buying or Selling? Very!! 

Data are based on information provided by the MLS for homes that went under contract in the last couple of months. If you would like more details about the Rancho Santa Fe real estate market with regard to current activity as well as the specific areas such as Fairbanks Ranch and the Covenant, please let me know. 

READ MORE:

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for December 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for November 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for October 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for September 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for August 2010

Rancho Santa Fe Homes for Sale - Rancho Santa Fe Real Estate Market Report for July 2010

 

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

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This post has been included in California Real Estate News San Diego County, CA Real Estate News Rancho Santa Fe, CA Real Estate News
Post is included in group: CALIFORNIA REAL ESTATE
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4 Comments on Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for January 2011

FEB
12
2011
630,222 Points 7 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jeff ..  Great stats on your area .. I must get better at this

Hannah
10:08pm • #1
FEB
13
2011
1,150,546 Points 53 Featured Posts Outside Blog

Jeff,

I heard on the radio that, overall, our market was down 21 percent Oct thru Dec of last year.
11:01am • #2
795,724 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Stats are important right now to gauge the coming spring- these could have a long wait to sell...we're seeing a bit of a fumble right now & hope things improve...have a great V day- hope you get your cupcake!
8:50pm • #3
1,583,790 Points 429 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hannah - just keep working at it. :)

Steven - is that all over? Your particular city? I am always suspicious of generalities.

Ginny - thanks, on several counts.

Jeff
9:57pm • #4


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